§ 4A-209. Reservation of name; transfer of reserved name

   (a) Who may reverse. -- The exclusive right to use a specified name for a domestic or foreign limited liability company may be reserved by:

   (1) A person who intends to organize a domestic limited liability company;

   (2) A domestic limited liability company that proposes to change its name;

   (3) A foreign limited liability company that intends to register to do business in this State; or

   (4) A foreign limited liability company registered to do business in this State that proposes to change its name.

(b) Procedure. --

   (1) A person may reserve a specified name by filing a signed application with the Department.

   (2) If the Department finds that the name is available for use by a limited liability company, the Department shall reserve the name for 30 days for the exclusive use of the applicant.

(c) Transferability. -- The exclusive right to use a reserved name may be transferred to another person by filing with the Department a notice of the transfer which specifies the name and address of the transferee and is signed by the applicant for whom the name was reserved.

HISTORY: 1992, ch. 536; 2012, chs. 599, 600.